The Dubai International Financial Centre (DIFC) announced last week that former chief executive of the London Metal Exchange, David King has been appointed as the Centre's managing director of supervision.
According to a DIFC statement, Mr King will help to develop and implement the regulatory authority's risk-based approach to supervising firms, and will ensure that banks, insurers, asset managers and other financial service providers located in the DIFC conform to the standards set.
Speaking following Mr King's appointment, DIFC chief executive, Phillip Thorpe announced: “I am delighted that David is joining us. He brings a wealth of experience to the Regulatory Authority. He has spent a number of years working in senior financial positions in the Middle East and more recently, in his role as Chief Executive of the London Metal Exchange, has played an important part in the growth of that market and the evolution of the UK regulatory system.
The former LME chief also expressed his pleasure at being chosen for the post last week, observing that it represented 'a unique and challenging opportunity'.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment